Got it. In trading, resistance at 80.100 likely refers to a price level where an asset has historically faced selling pressure, preventing it from moving higher. When this resistance "breaks," it means the price has successfully moved above that level, potentially signaling further upward movement.
Here’s how to confirm a clean resistance break:
1. Candle Close Above Resistance
Look for a strong candle (preferably on a higher time frame, like 4-hour or daily) closing clearly above 80.100.
2. Volume Confirmation
Increased trading volume during the breakout supports the strength of the move.
3. Retest of Broken Resistance (Optional)
Sometimes, the price will retest the 80.100 level after breaking it. If it holds as new support, it's a bullish signal.
4. Avoid False Breakouts
Watch for long wicks above the resistance followed by price rejection; that could indicate a false breakout.
Are you tracking a specific market (forex, stock, or commodity)? I can help tailor advice based on that.
Here’s how to confirm a clean resistance break:
1. Candle Close Above Resistance
Look for a strong candle (preferably on a higher time frame, like 4-hour or daily) closing clearly above 80.100.
2. Volume Confirmation
Increased trading volume during the breakout supports the strength of the move.
3. Retest of Broken Resistance (Optional)
Sometimes, the price will retest the 80.100 level after breaking it. If it holds as new support, it's a bullish signal.
4. Avoid False Breakouts
Watch for long wicks above the resistance followed by price rejection; that could indicate a false breakout.
Are you tracking a specific market (forex, stock, or commodity)? I can help tailor advice based on that.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.